Sports Gear Co (TPE:6768) Long-Term Capital Lease Obligation : NT$714 Mil (As of Mar. 2024)

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What is Sports Gear Co Long-Term Capital Lease Obligation?

Sports Gear Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$714 Mil.

Sports Gear Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$769 Mil) to Dec. 2023 (NT$711 Mil) but then increased from Dec. 2023 (NT$711 Mil) to Mar. 2024 (NT$714 Mil).

Sports Gear Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$696 Mil) to Dec. 2022 (NT$743 Mil) but then declined from Dec. 2022 (NT$743 Mil) to Dec. 2023 (NT$711 Mil).

Sports Gear Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sports Gear Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sports Gear Co Long-Term Capital Lease Obligation Chart

Sports Gear Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,432.81

1,279.64

696.17

742.53

711.44

Sports Gear Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															716.52	710.96	768.96	711.44	714.23

Sports Gear Co (TPE:6768) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Sports Gear Co Long-Term Capital Lease Obligation Related Terms

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Sports Gear Co (TPE:6768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sports Gear Co Ltd (TPE:6768) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

802 West Bay Road, Oleander Way,, The Grand Pavilion Commercial Centre, P.O. Box 32052, Grand Cayman, CYM, 1208

Website

http://www.sportsgear.com.tw

Sports Gear Co Ltd is engaged in the manufacturing, import, and export of shoes and other sports-related products. The company produces and sells Casual shoes, Sports Shoes and others.

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